Tony Manne Posted March 9 Report Share Posted March 9 o I created a root record with the total foreign income aof $4,000.mount o I created three sub-records and added Income and Tax amounts for each: USA $2500 $300 CHE $1500 $200 NDL $500 $100 o In addition to creating a Foreign Income Verification Statement, UFile added those six amounts to the T1 Income Tax Return—effectively double-counting the amounts already in the system from the corresponding T5 entries. o Help please. Double-counting by the system is not good! Tony Quote Link to comment Share on other sites More sharing options...
Curmudgeon Posted March 10 Report Share Posted March 10 If the total cost of the investments did not exceed $100,000 during the year, a T1135 isn't needed. Not sure what you are doing since taxes paid on foreign income isn't reported on a T1135. Quote Link to comment Share on other sites More sharing options...
Tony Manne Posted March 10 Author Report Share Posted March 10 Thanks Curmudgeon. Turns out I should not have created the three "sub-records" by country--only the T1135 'Foreign Income Verification Statement' form showing the Total Foreign Income amount. TOPIC CLOSED. March 10, 2024 Quote Link to comment Share on other sites More sharing options...
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